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- Shiba Inu launched the WHY Combinator to support blockchain projects and expand the meme coin ecosystem.
- The initiative includes the TREAT token for rewards and plans to enhance BONE’s utility for scalability.
SHIB’s lead developer, Shytoshi Kusama, has unveiled the WHY Combinator, a decentralized program for nurturing meme coin initiatives. The aim is to improve the implementation of Shiba Inu technologies and increase the importance of the BONE token in the network, reported CNF.
Shiba Inu’s Vision for a Decentralized Future
The program’s goals and the latest technological advancements were explained in detail in Kusama’s blog post on January 11. It aims to offer extra incentives and support for the developers working on Shibarium, the Layer-2 solution of the Shiba Inu network. More than thirty technologies, grouped under the 36 Chambers of Tech, have been developed to support this growth. You can name such tools as artificial intelligence, Web3 gaming, and decentralized identity solutions.
The WHY Combinator is set to accelerate using Shiba Inu’s blockchain infrastructure. Kusama emphasized the goal of making “Powered by Shib” a widely recognized brand, similar to other major technology platforms. The program will provide support to developers utilizing Shibarium to create innovative applications.
TREAT Token and Community Engagement
A key element of the initiative is the TREAT token, which stands for Transactional Rewards for Engagement & Access Token. This token will serve as the primary settlement currency for WHY Combinator projects. Previously, we explored the initiative to feature weekly TreatDrops to encourage participation and reward user engagement with the ecosystem.
These incentives aim to drive user activity in areas such as the Shiba Inu Metaverse and NFT collections, including Shiboshis and SHEboshis. The strategy is designed to attract new participants and incentivize the development of additional projects within the ecosystem.
Shiba Inu’s Strategy for Long-Term Blockchain Innovation
Shiba Inu developers are also focusing on expanding the functionality of BONE, which currently serves as the gas token for Shibarium. One proposed development includes enabling Layer-3 (L3) solutions and positioning Shibarium as a settlement and data availability layer. Similar to networks like Arbitrum and Optimism, these roll-ups would allow for more efficient blockchain transactions and increased scalability, reported CNF.
A significant aspect of this plan is the potential integration of Chainlink’s cross-chain capabilities. If successful, it would have reborn Shibarium as a connected blockchain application ecosystem, increasing its functionality and attracting development talents.
Nevertheless, Kusama remains optimistic about the ecosystem’s growth, having said so for some time. He reminded his team that it is all about innovation at Shiba Inu to build a strong blockchain layer capable of supporting functional offerings.
The creation of WHY Combinator is an expansion plan that will make Shiba Inu a formidable player in the blockchain industry.
